- Dormant Uniswap wallets moved $108.5M in UNI to Coinbase Prime, signaling profit-taking and renewed whale activity in DeFi.
- Unichain Bridge TVL soared from under $10M to $250M in April, driven by ETH inflows, altcoin support, and incentive-fueled adoption.
- A $5M UNI rewards program and consistent token flows fueled Unichain Bridge trust, marking a broader investor return to DeFi ecosystems.
Several dormant wallets linked to Uniswap have suddenly sprung to life, triggering notable on-chain activity. On April 24, Spot On Chain reported three wallets moving 10.21 million UNI, worth $60.99 million, to Coinbase Prime. The largest deposit involved a wallet that had received 9 million UNI in September 2020 when UNI traded at $3.44.
Just six days later, another Uniswap-linked wallet transferred 9 million UNI, valued at $47.5 million, to the same exchange. This wallet had been inactive for over 4.5 years. In total, four wallets moved 19.21 million UNI, worth $108.5 million, to Coinbase Prime. The average transfer price stood at $5.65, marking profit for long-term holders.
Liquidity Flows to Unichain
Besides these whale transactions, Unichain’s ecosystem has captured market attention. After facing past skepticism over its $165 million growth fund, Unichain has demonstrated strong performance. In under 10 days, its bridge TVL skyrocketed past $250 million, driven by high inflows of ETH and incentives.
From November to January, Unichain Bridge TVL remained below $10 million. Activity was slow, with minor fluctuations and low engagement. However, beginning in February, slight gains signaled early momentum. By late March, TVL growth accelerated. From April 7 onward, daily inflows turned exponential.
ETH Dominates, Altcoins Follow
ETH led this liquidity surge, contributing over $200 million to the bridge. Consequently, other assets followed. USDC, USDT, WBTC, and DAI added sizable volumes. Moreover, smaller inflows came from UNI, LINK, BAL, and WETH. Tokens like ENS and COMP appeared in smaller proportions but still contributed to the rising trend.
The consistent growth in TVL showed no reversals through April. Each daily bar showed steady inflows, confirming sustained demand. This asset diversity also signals growing confidence in the Unichain Bridge as viable infrastructure. Additionally, the spike aligns with a $5 million UNI rewards program executed by Gauntlet. These incentives likely amplified user participation and token flows.
Hence, the synchronized wallet activity and bridge growth highlight renewed DeFi momentum. More importantly, both trends reflect a broader investor shift toward active capital deployment and ecosystem trust.
